# Defi Update 5

By [bidur.eth](https://paragraph.com/@bidur) · 2021-11-03

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Big updates today :

1.  #Paladin is a meta-governance ecosystem creating flywheels to enhance governance participation. Their first Dapp is a lending protocol where users loan or borrow voting power. #Airdrop to Users who have voted or created proposals in the Aave, Compound, Uniswap or Curve governance will share 1,000,000 PAL. More detail [here](https://medium.com/paladin-protocol/paladin-summons-its-pals-aa5e0e910218): [https://medium.com/paladin-protocol/paladin-summons-its-pals-aa5e0e910218](https://medium.com/paladin-protocol/paladin-summons-its-pals-aa5e0e910218)
    
2.  Someone took out a $1.4 million loan with an [NFT as collateral](https://www.theblockcrypto.com/post/123165/someone-took-out-a-1-4-million-loan-with-an-nft-as-collateral).
    
3.  NYSE Arca files with SEC to list [Bitwise Bitcoin ETP Trust Exchange-traded](https://cointelegraph.com/news/nyse-arca-files-with-sec-to-list-bitwise-bitcoin-etp-trust) products with exposure to cryptocurrencies are increasingly gaining ground.
    
4.  **To the moon:** [**Huobi wants to send someone to space**](https://cointelegraph.com/news/to-the-moon-huobi-wants-to-send-someone-to-space-for-its-8th-birthday) **for its 8th birthday** Huobi will celebrate another year around the sun by sending a lucky user to space.
    
5.  [Coinbase Users Can Borrow Up to $1M With Bitcoin](https://www.coindesk.com/business/2021/11/03/coinbase-users-can-borrow-up-to-1m-with-bitcoin-as-collateral/) as Collateral. The crypto exchange’s customers can obtain cash via their PayPal or bank accounts.
    

Thank you and have a nice day.

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*Originally published on [bidur.eth](https://paragraph.com/@bidur/defi-update-5-2)*